Salem Five Cents Savings Bank
SBA lender based in Massachusetts serving 6 states and 71 industries
Is Salem Five Cents Savings Bank the right SBA lender for your deal?
Salem Five Cents Savings Bank has funded 896 SBA loans across 6 states and 71 industries. Their average loan size is $249K. Whether they are the right SBA lender for your deal depends on size, industry, geography, and credit profile. Historical volume is not a quote. PeerSense does not speak for Salem Five Cents Savings Bank.
Salem Five Cents Savings Bank is an SBA Preferred Lender (PLP), a designation the SBA grants to lenders with delegated authority to approve 7(a) loans in house, which speeds underwriting and closing. Salem Five Cents Savings Bank has funded 896 SBA 7(a) loans across 6 states, averaging $249K per loan. PLP status means the lender does not have to send each file to the SBA for review, a material edge on turnaround for qualified borrowers.
- Main office
- 71 Washington St, Salem, MA 01970
- Domestic offices
- 34
- Established
- 1855
- FDIC certificate
- 23296
- Website
- www.salemfive.com
Source: FDIC BankFind public database, checked October 1, 2026.
Top Lending States
Talk to PeerSense. The lender underwrites the file.
Talk to PeerSenseFOIA history for Salem Five Cents Savings Bank
FOIA history for Salem Five Cents Savings Bank: 896 SBA loans across 6 states, average size $249K. Highest volume NAICS in the tape: Amusement & Recreation. Highest volume state in the tape: Massachusetts. Resolved loan charge off rate: 9.8%. That is history, not a buy box and not a prediction they will fund your file. Talk to PeerSense.
Recent SBA Activity at Salem Five Cents Savings Bank
Franchise lending: Salem Five Cents Savings Bank has funded SBA loans for multiple franchise concepts, with the highest volume in Jackson Hewitt Tax Service, ORANGE THEORY FITNESS, and Title Boxing Club. Lender franchise familiarity reduces underwriting friction: brands the lender already knows clear faster and re trade less.
Industry concentration: The lender's highest volume SBA industries are Amusement & Recreation, Professional/Technical Services, and Ambulatory Healthcare. Borrowers in these NAICS sectors typically see better terms and faster approvals.
Geographic concentration: Top markets are Massachusetts, and New Hampshire. Lenders typically underwrite faster in states where they already have closing comps.
Compare Salem Five Cents Savings Bank to Similar SBA Lenders
Other SBA lenders headquartered in Massachusetts with similar deal size profiles. Borrowers should always compare 3 to 5 lenders before committing.
Looking for SBA Financing?
Talk to PeerSense. The lender underwrites the file. Size, industry, and location come from the public tape. PeerSense sources capital through a curated network of commercial lenders and capital sources.
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About Salem Five Cents Savings Bank SBA Lending
Salem Five Cents Savings Bank is an SBA lender headquartered in Massachusetts. PeerSense tracks this lender's SBA lending activity, including approval trends, geographic coverage, and industry specializations.
Salem Five Cents Savings Bank serves borrowers across 6 states and 71 industry sectors with a regional lending focus. To find out whether Salem Five Cents Savings Bank is a fit for your deal, Talk to PeerSense.
PeerSense maintains detailed performance data on hundreds of SBA lenders to help borrowers and brokers identify the right capital source. Rather than spending weeks researching lenders on your own, Talk to PeerSense The desk sources capital from lenders with a record in your industry and geography.
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See Related Rates by Program
PeerSense covers the full commercial capital stack. These are indicative levels direct capital sources have been pricing across these programs as of October 1, 2026.
Originator warehouse
$100M a monthFocus $100 million a month. Will look at $10 million a month. $10 million is not the focus.
Invoice Factoring
0.5 to 3.5% / 30dB2B invoices from $20 million a month. Advance 80 to 95 percent of face.
CMBS Conduit
5.60 to 7.10%10 year Non Recourse fixed, $10 million and up, fully assumable
Bridge Loans
9.00 to 14.00%$10 million and up. Cash in about 35 percent. Name the takeout first.
Data Center
CRS to 89%$1 billion to $30 billion plus. Signed or guaranteed hyperscaler lease.
Contracted revenue sale
Up to 89%15 year lease signed or guaranteed by a hyperscaler. Size follows the lease.
Hotel Financing
SearchHotel financing is search only for $10 million and up, with cash in about 35 percent.
Private Credit
7.80 to 18.00%Non bank flexibility for commercial real estate at $10 million and up.
DSCR Investor
SearchSearch path. Portfolio and multi property DSCR of $10 million and up.
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.